Electro, Zygo To Ask Court To Toss Merger Suit

Law360, New York (April 6, 2009, 12:00 AM EDT) -- Laser systems supplier Electro Scientific Industries Inc. and optics component maker Zygo Corp. have said they intend to seek dismissal of shareholder litigation over their proposed merger, now that they have called off the deal.

ESI, Zygo, and members of Zygo's board of directors are defendants in a lawsuit challenging the terms of the merger filed in the Superior Court for the State of Connecticut by Andy Bamber on behalf of himself and other holders of Zygo common stock.

After the settlement agreement is executed, ESI...
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